UK Healthtech Sector Boosted by £100M Investment from British Business Bank
The British Business Bank has committed £100 million to a new healthcare fund launched by Apposite Capital, aimed at supporting innovative UK companies in the life sciences sector. The Apposite Healthcare Growth I fund targets companies involved in medical products, diagnostics, digital health, and pharmaceutical services. This investment is the bank's largest to date and seeks to address the capital shortage for companies at a growth inflection point. The initiative aligns with the UK's Life Sciences Sector Plan, aiming to position the UK as a leading life sciences hub by 2030.